Business
Dera Ismail Khan Airport Restored After Years of Neglect, Resumes Operations
A long-inactive regional airport has been brought back into service as Dera Ismail Khan Airport has been fully rehabilitated and made operational after years of neglect. The restoration marks a significant development in Pakistan’s ongoing efforts to revive non-functional aviation infrastructure across the country. The project was completed through coordinated efforts between the Pakistan Airports […]
FFC Joins Arif Habib Consortium to Acquire 100% Stake in PIA
Fauji Fertilizer Company Limited has officially joined a consortium led by Arif Habib Corporation Limited to acquire full ownership of Pakistan International Airlines. The move marks a significant development in Pakistan’s ongoing efforts to restructure and privatize its national carrier. The consortium has established a special purpose vehicle named PIA Equity Limited, which will serve […]
PSO Profit Surges 150% to Rs. 38.1 Billion in 9MFY26
Pakistan State Oil (PSO) has reported a massive jump in profitability for the nine months ending March 31, 2026, showcasing strong financial resilience despite a volatile energy market. The company posted a net profit of Rs. 38.1 billion, marking an impressive 149 percent increase compared to Rs. 15.3 billion in the same period last year. […]
Rupee Strengthens Against Pound and Euro, Extends Long Winning Run Against Dollar
The Pakistani Rupee continued its upward trajectory in the currency market, closing stronger against major global currencies while extending its remarkable streak against the US Dollar. On Tuesday, the rupee appreciated for the 149th consecutive session against the dollar, signaling sustained stability in the local foreign exchange market. According to market data, the rupee settled […]
Pakistan Ports Handle Over 179,000 Tons of Cargo Amid Strait of Hormuz Tensions
Maritime trade activity in Pakistan remained steady as major ports collectively handled 179,335 metric tons of cargo in a single day, despite heightened regional uncertainty linked to tensions around the Strait of Hormuz. The performance highlights the resilience of Pakistan’s shipping and logistics sector at a time when global supply chains continue to face geopolitical […]
SBP Relaxes Forex Rules to Accelerate Energy Imports Amid Rising Demand
The State Bank of Pakistan (SBP) has introduced new measures to ease foreign exchange regulations, aiming to streamline the import of essential energy resources. The move comes as Pakistan navigates global market volatility and increasing domestic energy requirements. In a recent circular issued to authorized dealers, the central bank allowed commercial banks to issue financial […]
Pakistan Cement Sector Unlocks $700 Million Investment for Seven New Plants
Pakistan’s cement industry is set for a major expansion as the Special Investment Facilitation Council (SIFC) clears regulatory hurdles to enable the establishment of seven new plants. The projects, collectively valued at around $700 million, mark a significant step toward boosting industrial capacity and attracting fresh investment. The initiative comes after the Special Investment Facilitation […]
Govt Disburses Rs. 38 Billion to Stabilize Petrol Prices Under PDC Mechanism
The Oil and Gas Regulatory Authority has processed the disbursement of approximately Rs. 38 billion to oil marketing companies as part of the government’s efforts to maintain stable petrol prices across Pakistan. The payments have been made under the Price Differential Claims (PDC) mechanism, a system designed to compensate companies for selling petroleum products below […]
Power Minister Announces Gradual Relief in Loadshedding Amid Ongoing 4,000MW Shortfall
Federal Minister for Power Awais Ahmad Khan Leghari has announced that electricity loadshedding will begin to ease from tonight, offering partial relief to consumers across the country. The statement comes despite Pakistan continuing to face a significant power shortfall of nearly 4,000 megawatts. The minister expressed regret over the inconvenience caused by prolonged power outages […]
OGDC Achieves Record-Breaking Oil and Gas Output from Baragzai X-01 Well
Oil and Gas Development Company Limited has marked a historic milestone by commencing production from the Baragzai X-01 (Slant) well in the Nashpa Block, located in the Kohat district of Khyber Pakhtunkhwa. The development is being described as the highest-ever oil and gas production from a single well in Pakistan. The inauguration ceremony took place […]